General Sees Prague's Bitcoin ATM as Sales Springboard

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General Bytes s.r.o. wants to use Prague’s first Bitcoin automated teller machine as a springboard to expand abroad, seeking to make as many as 500 such ATMs a month, the company’s founder said.

“We aim to be competitive worldwide,” Karel Kyovsky, the company’s 34-year-old founder, said by phone today. “Our advantage is lower prices and the fact that the owner can operate terminals remotely.”